Compromise of 1790
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The Compromise of 1790 was a pivotal political deal in early U.S. history in which Alexander Hamilton, Thomas Jefferson, and James Madison agreed to secure federal assumption of state debts in exchange for locating the national capital along the Potomac River.
Aliases (1)
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
agreement
→
historical event → political compromise → |
| appliesToJurisdiction |
federal government of the United States
→
|
| chronologyWithin |
First United States Congress
→
|
| country |
United States of America
→
|
| describedBySource |
Thomas Jefferson’s writings
→
|
| facetOf |
Early national period of United States history
→
Hamiltonian economic program → debate over federalism in the United States → |
| followedBy |
Assumption Act implementation
→
Residence Act of 1790 → |
| hasCause |
controversy over federal assumption of state Revolutionary War debts
→
dispute over the permanent location of the U.S. national capital → |
| hasEffect |
advancement of the funding and assumption components of Hamilton’s Report on Public Credit
→
assumption of state debts by the federal government → consolidation of Revolutionary War debts under the federal government → creation of a permanent federal district → enhancement of Alexander Hamilton’s financial program → establishment of a compromise capital between northern and southern states → foundation for the First Party System in U.S. politics → heightened political rivalry between Federalists and Democratic-Republicans → increased creditworthiness of the United States → increased political influence of the Treasury Department → location of the permanent national capital on the Potomac River → long-term shaping of the geographic and political center of the federal government → northern support for a southern location of the capital → passage of the Assumption Bill → passage of the Residence Act → placement of the capital in a slaveholding region → political alignment of southern support for federal debt assumption → precedent for political bargaining over federal policy and sectional interests → selection of a site for the future city of Washington, D.C. → strengthening of federal fiscal authority → temporary easing of sectional tensions between northern and southern states → |
| hasParticipant |
Alexander Hamilton
→
James Madison → Thomas Jefferson → |
| location |
United States
→
|
| pointInTime |
1790
→
|
| significantPerson |
Alexander Hamilton
→
George Washington → James Madison → Thomas Jefferson → |
| significantPlace |
New York City
→
Philadelphia → Potomac River → |
Referenced by (3)
| Subject (surface form when different) | Predicate |
|---|---|
|
Alexander Hamilton's First Report on the Public Credit
("Assumption Act of 1790")
→
Alexander Hamilton's First Report on the Public Credit → |
relatedTo |
|
Report on Public Credit
→
|
negotiationAssociatedWith |